Kelso Group increases its stake in THG amid takeover rumours

New independent director

Cristian Angeloni
clock • 2 min read

Kelso Group has announced on Friday (21 April) it acquired further interests in shares in THG via a contract for difference.

As a result, the company's stake in THG - held via a mix of ordinary shares and CFDs - rose to eight million shares. The activist investor said one the key drivers for increasing its shareholding was the "significant value" of THG's nutrition business, comprising of food supplement company MyProtein. Private equity firm makes preliminary buyout bid for THG amid PE deal resurgence Kelso Group believed there is room for THG to take advantage of the "shift in consumption away from chocolate and sugar to health and nutrition". The company explained the market capitalisation of the t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Impax AM on acquisition trail as AUM steadies

Impax AM on acquisition trail as AUM steadies

Fixed income and private markets

Beth Brearley
clock 28 November 2024 • 2 min read
Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid

Shares in Direct Line rise by over 40% following rejection of £3.3bn Aviva bid

Offer 'highly opportunistic'

Sorin Dojan
clock 28 November 2024 • 2 min read
BlackRock to strike deal for private credit manager HPS - reports

BlackRock to strike deal for private credit manager HPS - reports

Amid M&A spree

Linus Uhlig
clock 28 November 2024 • 1 min read
Trustpilot